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Top MBA colleges in Mumbai

Top MBA colleges in Mumbai

The MBA program covers the major facets of management (Accounting, Economics, Marketing, Finance, Strategy/Frameworks, Human Resources, Organisational Behaviour, Leadership and Information Technology, etc.) The curriculum is designed to strengthen the theoretical foundation, provide practical opportunities (internships, research, projects & workshops) build both hard & soft skills, open up a window of career opportunities and help start your own ventures.

Jamnalal Bajaj Institute of Management Studies (JBIMS)

The University of Mumbai launched the institute in 1965. JBIMS has pioneered management education. JBIMS is frequently regarded as one of the top ten elite business schools in the country, with a 52-year history. The late Dr. K. S. Basu established India’s first full-time 2-year Masters in Management Studies (MMS) program at JBIMS. JBIMS is one of India’s oldest business schools, and it has established itself as the chosen location for the country’s most prominent firms.

The Institute employs full-time academics in both fundamental management disciplines and functional areas of management. The Institute also features a panel of distinguished management experts and senior practitioners from many sectors of management. JBIMS provides both full-time and part-time management courses. The Institute’s closeness to India’s business capital is an extra advantage.

This has enhanced JBIMS’s ties with business magnates, prominent alumni, and a huge number of distinguished visiting professors. This exposure to business professionals has enabled students for years to grasp management techniques and refine their talents to meet market standards.

Course Name & Eligibility

Master of Management Studies (MMS):

  • Eligibility: Bachelor’s degree in any field from a recognized university with a minimum aggregate score.
  • Admission Process: Candidates are often admitted based on their CAT, CMAT, or XAT exam scores, followed by group discussions and interviews.

Executive Post Graduate Diploma in Management (EPGDM):

  • Eligibility: Candidates normally require a bachelor’s degree and a specified number of years of job experience.
  • Admission Process: Academic qualifications, professional experience, and success on entrance examinations or personal interviews are typically used as admission requirements.

Ph.D. Program:

  • Eligibility: Candidates must have a Master’s degree in a relevant discipline with a minimum aggregate score from a recognized university.
  • Admission Process: Admission is based on academic qualifications, research proposal, and performance in interviews.


JBIMS delivers placements on par with India’s top IIMs. The whole class of 130 pupils was promised extremely lucrative employment for the 2021-2023 academic year. The highest package offered was 35.75 LPA lakhs per year, with an average salary of 28.02 lakhs per year. (Top MBA colleges in Mumbai)
The campus placements attracted 69 firms. BFSI, FMCG, and pharmaceuticals were among the leading recruiters. Manufacturing, telecom, auto, conglomerates, consulting, e-commerce, and the IT sectors all offered excellent job opportunities.

Shailesh J. Mehta School of Management (SJMSOM)- IIT Bombay

Top MBA colleges in Mumbai

IIT Bombay created its management school in 1995 with the goal of developing professionals with technology backgrounds into tomorrow’s “Renaissance Leaders” to foster interdisciplinary learning and stay up with the changing environment. In 2000, the school was renamed the Shailesh J Mehta School of Management in honor of Dr. Shailesh J. Mehta, an IIT Bombay alumni and substantial supporter to the institution. The School of Management already leads the way in educating its graduates to face new problems by using IIT Bombay’s diverse intellectual resources and offering an exceptional and creative management education curriculum.

The school was placed fifth in the National Institutional Ranking Framework Management (2018) and 16th in Outlook’s survey of India’s top 100 management schools in 2017.


A four-year Bachelor’s or Master’s degree in any field with at least 60% marks (55% for SC/ST/PWD applicants) or a CPI of 6.5 (6 for SC/ST/PWD candidates) out of 10 from an institute/university.
Candidates in their last year of study or awaiting results are also welcome to apply. The applicant must have obtained an aggregate of 60% marks (55% for SC/ST/PWD students) or equivalent till the most current exam is finished and results are available. Admission is subject to the candidate satisfying the qualifying requirements.


The placement exercise was conducted in a hybrid manner to give numerous options for corporate workers based on their preferences. Despite corporate developments, students’ knowledge and abilities in their respective areas have resulted in a large number of job offers from businesses.

  • SJMSOM, IIT Bombay, was the #1 pick for recruiters, attracting many new recruiters.
  • Recruiting Companies: 48

CTC Statistics:

  • Highest CTC: ₹72.00L(Top MBA colleges in Mumbai)
  • Median CTC: ₹26.73L
  • Average CTC: ₹28.01L

Average CTC Split by Percentile:

  • Top 25%ile: ₹38.29L
  • Top 50%ile: ₹33.82L
  • Top 75%ile: ₹30.71L

Check Out: Final-Placement-Report-2022-24.pdf

Indian Institute of Management – Mumbai

IIM Mumbai, formerly known as NITIE, was founded by the Government of India in 1963 with the support of the United Nations Development Programme (UNDP) and the International Labour Organization (ILO). IIM Mumbai has regularly been listed among the best business schools in India. (Top MBA colleges in Mumbai)

Mumbai campus is placed ninth in the National Institutional Ranking Framework (NIRF) rankings for Management Institutes in India for 2022. IIM Mumbai is dedicated to developing talented individuals in a variety of functional areas, including operations management, analytics, finance, marketing, project management, human resources, information technology, and sustainability management.

Since the start of IIM Mumbai’s Fellow Program in 1980, around 50 Fellowship (Doctoral) Degrees have been awarded. Alumni of the Fellowship Program pursue careers in academia and business. Currently, around 60 individuals are registered for the program, and four fellowships are awarded yearly on average. The course addresses all areas of environmental management, ergonomics, and management. It’s an interdisciplinary curriculum.

Course & Eligibility

The candidate must have a Bachelor’s Degree with at least 50% marks or an equivalent CGPA [45% for candidates from the Scheduled Caste (SC), Scheduled Tribe (ST), and Persons with Disability (PwD) categories], awarded by any university or educational institution as specified by an Act of Parliament.

To apply for the programs, applicants must take the Common Admission Test (CAT-2023), which will be administered by the Indian Institutes of Management.


  • For General Candidates: ₹ 2000 /-
  • For SC/ST/PwD Candidates: ₹ 1000 /-


  • Last year, 107 firms competed in the final placement season.
  • IIM Mumbai offers the highest full-time placement compensation of INR 78.20 Lakh Per Annum (LPA).
  • The average package for the same was INR 27.75 LPA.

SP Jain Institute of Management & Research (SPJIMR)

Top MBA colleges in Mumbai

SP Jain Institute of Management and Research (SPJIMR) is a well-known name in the field of management education. Since its beginning in 1981, SPJIMR has not looked back. By 1994-1995, the private institution had risen to the coveted list of India’s top 10 business schools, a position it has held ever since. SPJIMR is known for its exceptional pedagogy, innovative initiatives, and emphasis on values. The college’s placement in the center of the financial capital promotes industry exposure.

Course & Eligibility

SP Jain provides a two-year full-time Post Graduate Diploma in Management (PGDM) program, which is similar to an MBA. Students are picked based on their overall profile and admission exam performance (CAT or GMAT). During the first year, all students will cover the same concepts.

The second year (fourth and fifth trimesters) focuses on key competencies in a range of sectors, including finance, marketing, information, and operations management.

Applicants must, however, choose a specialization throughout the application process. SPJIMR prioritizes group work, mentoring programs, projects, and field assignments in addition to academic knowledge.


  • PGDM Class of 2023 Placements – An Overview:
  • Participants in the Batch: 237
  • Number of companies participating: 63
  • Number of first-time recruiters: 33
  • Total Number of Pre-Placement Offers: 112
  • Median Salary: 32.89 LPA (9% increase compared to last year)
  • Average Salary: 33.02 LPA (3% increase compared to last year)
  • Highest Salary: 77.8 LPA (46% increase compared to last year)

Narsee Monjee Institute of Management Studies (NMIMS)

NMIMS was founded under Mumbai University in 1981 and granted Deemed University status by the Government of India in 2003. The college is a prominent educational venue for students pursuing an MBA degree. In just 36 years, NMIMS has established an amazing reputation. It is among the top ten business schools in the country. Other feathers in its plume include an A grade rating and NAAC certification with a 3.59 cumulative grade point average. NMIMS’s favorable position in the financial capital has allowed it to retain close links with the industry, high-profile multinational corporations, and prominent people.(Top MBA colleges in Mumbai)

Course & Eligibility

NMIMS offers a full-time Master of Business Administration program. GMAC conducts its own entrance exam (the NMAT), which is followed by a GD and PI. The course is structured into six trimesters that span two years. The first year’s studies are the same, but students in the final year can select from a variety of specialties (MBA core, HR, Analytics, and Decision Science). Every trimester at NMIMS offers a range of electives. All MBA students must complete a summer project (6-8 weeks).


The application cost is ₹2000, and the deadline is now closed. The institute accepts NMAT results, with a threshold of 235 or higher. The program’s total fees are ₹21.9 lakhs. TBA currently holds the director post, with Chandrima Sikhdar possibly anticipated to take it over. The batch consists of 71% male and 29% female students, with 72% coming from engineering, 13% from commerce, and 23% being freshers. The batch size is 600 students, and 175 firms from a wide range of industries will participate in recruiting efforts.

PPOs and PPIs were administered to around 46% of the cohort. Companies that visited the campus included Goldman Sachs, GE, Microsoft, ITC, L’Oreal, Asian Paints, HUL, Deloitte, ICICI, Flipkart, and the Aditya Birla Group. Jumbo Electronics and Square Yards both provided foreign placements.

Company Names:


JP Morgan


Morgan Stanley




Salary Statistics:

  • Highest Salary (In Lakhs): ₹67.8 LPA
  • Average Salary (In Lakhs): ₹26.63 LPA
  • Median Salary (In Lakhs): ₹22.36 LPA

Know all about CAT: Click here to read

K.J. Somaiya Institute of Management

K.J. Somaiya Institute of Management Top MBA colleges in Mumbai

Established in 1981 as part of Somaiya Vidyavihar, the private-run college has established as one of the country’s top MBA institutions. It has produced excellent managers who hold important positions in a variety of sectors throughout the world. The medium-sized campus, which spans 60 acres and has vegetation, trees, gardens, and world-class infrastructure, is stunning.(Top MBA colleges in Mumbai)

J. Somaiya Institute of Management Studies and Research was founded in 1981 as part of Somaiya Vidyavihar with the goal of delivering cutting-edge education in management and related fields. The institute has continuously been regarded as one of India’s top 25 management institutes and top ten private sector business schools. The institute provides full-time, part-time, and executive programs in Business Management, as well as Masters in Computer Applications and Doctoral Programs.(Top MBA colleges in Mumbai)

The AICTE has authorized the Institute, which is also NBA certified. Bureau Veritas certified it. The Institute provides MBA, Executive MBA, MCA, and Ph.D. programs with a variety of specialties. It employs 131 highly skilled and competent faculty members. KJ Somaiya also offers customized Management Development Programmes and Faculty Development Programmes.

Top MBA Courses Specializations offered are:

International Business

Integrated Marketing Communication

Retail Management

Healthcare Management

Sports Management

Data Science & Analytics

Financial Services

Human Resources

  • Average Salary: ₹25.96 LPA
  • Median Salary: ₹12.32 LPA
  • Lowest Salary: ₹11.75 LPA
  • Number of Companies: 117
Batch Size: 600+
Fees: ₹20 Lakhs
Exams Accepted: CAT, XAT, NMAT, CMAT, GMAT
Cut-offs: 225+ NMAT,

CAT 82%ile+

XAT 70%ile+

GMAT 650+

Director: Raman Ramachandran, Ph.D.

Director – K J Somaiya Institute of Management

Dean, Faculty of Management Studies, Somaiya Vidyavihar University

Batch Profile

Male: 58%

Female: 42%

58% Freshers

  • 27% with up to 24 months of experience
  • 11% with 25 to 36 months of experience
  • 8% with 37 months & above of experience

Recruiting Companies: Amazon, Flipkart, Ola, Dabur India, Godrej Consumer Products, Accenture, Deloitte Consulting, KPMG Consulting, PwC Consulting

Sydenham Institute of Mgmt. (SIMSREE)

Established in 1983, is a Mumbai-based B-Graduate School that guarantees academic excellence. SIMSREE, with its 30+ years of experience and dedication to the motto ‘Work conquers all,’ has achieved amazing development in this competitive area. Its strong business interaction, significant alumni network, ranking among the best MBA institutions in the country, and awards/certifications all demonstrate its commitment to providing an extraordinary, holistic, and rewarding learning experience.

Course Name & Eligibility

  • Masters of Management Studies (MMS)
  • Master’s Degree In Financial Management (MFM)
  • Master’s Degree In Marketing Management (MMM)
  • Doctor of Philosophy (Ph.D.)

The All India Council for Technical Education has approved two SIMSREE programs (MMS and PGDBM) (AICTE). The full-time courses last two years and are separated into four semesters. The MMS and PGDBM curriculum take roughly the same approach. The first year is dedicated to strengthening the company’s basis. In their second year, students might specialize in Finance, Marketing, Human Resources, or Operations and Systems. The curriculum requires a two-month summer internship.(Top MBA colleges in Mumbai)


The Placement Committee is in charge of the recruiting process (a student body). The Committee is resourceful, going to considerable efforts to connect students with prominent businesses to help them find lucrative employment and internships. The MBA institution maintains a flawless placement record year after year.
Following the pattern of the previous year, industry leaders from a variety of fields employed college graduates. This year’s placement season saw 72 organizations participate, with the average annual wage given being Rs. 15.19 lakhs. The highest wage provided on campus was Rs. 21.53 lakh per year.

Welingkar Institute of Management Development

Top MBA colleges in Mumbai

Frequently, various rankings place Welingkar Institute of Management Development (WeSchool) among the top 30 educational institutions in the country. Founded in 1977, it is a member of the prestigious Shikshana Prasaraka Mandali, which oversees 43 institutions. The institution focuses on teaching the critical skills and information required for success in today’s ever-changing business world. WeSchool has an impressive number of accolades. The most recent is the “AICTE-CII National Award for Best College for Industry College Linkage 2015” .


Candidates must have obtained a minimum of 50% in their graduating degree exam from a recognized university before June 2024.

Should have taken the CAT (2023) conducted by the IIMs for the year mentioned in the advertising (IIMs have no part in the Welingkar admission procedure), as well as the XAT (2024), ATMA (Feb 2024), CMAT (2024), and GMAT (2021 and later).(Top MBA colleges in Mumbai)


  • Welingkar Institute of Management Development and Research (WeSchool) in Mumbai has a strong placement record for its MBA/PGDM programs.
  • In Mumbai in 2023, the batch size was 720.
  • The highest package provided was ₹25.48 LPA, with an average package of ₹12.01 LPA and a median package of ₹11.80 LPA.
  • In Bengaluru in 2023, the batch size was 270, with a maximum package of ₹18.20 LPA, an average package of ₹10.20 LPA, and a median package of ₹10 LPA.

Company Name: KPMG, Deloitte, EY, Genpact, Kaya Clinic, Aditya Birla Group, Decathlon, Reliance, Berger, Nestle, Asian Paints, ISS, Nielsen, Wipro, cognizant, TCS, GEP, Jio Saavan, ZEE TV, ICICI, Morgan Stanley, Amazon, Zomato, DHL, Makemytrip.

SDA Bocconi Asia Center

SDA Bocconi Asia Center is a pan-Asian hub in Mumbai that has been providing Executive Education and Postgraduate Programs planned and conducted by the SDA Bocconi School of Management, Italy, since 2012.

The institute aspires to deploy and share new business knowledge in order to help individuals and businesses flourish as a whole.

SDA Bocconi School of Management offers a distinctive approach to knowledge promotion through industry-relevant research and education. It disseminates SDA Bocconi School of Management experience and competence in design, branding, innovation, and entrepreneurship in order to develop soft and management skills and share best practices across boundaries, empowering individuals.

MBA programs, Executive and Specialized Masters, Executive Programs, Custom Programs, Applied Research, Research Labs, and Knowledge Centers all contribute to this diverse offering aimed at professionals from all over the world and all sectors of the economy. SDA Bocconi is one of Europe’s premier business schools, and it is one of the few that have received triple accreditation (EQUIS, AMBA, and AACSB), placing it among the world’s elite business schools.


  • Applicants must hold an undergraduate degree or be in their last year to apply.
  • IMB caters to freshers and young executives with up to 5 years of work experience.
  • Eligibility for academics requires a minimum of 55% throughout 10th, 12th, and under graduation, and a minimum aggregate average of 70% for 10+12+undergrad.
  • All applicants must take at least one of the examinations listed below before submitting their application for a certain round.

Exams accepted

Bocconi Test




The admissions committee will require applicants to take the Bocconi Test in two instances: firstly, if they lack any other standardized test scores entirely, and secondly, if their submitted scores fall below the committee’s established expectations.. There is no additional price for taking the Bocconi Test. (Top MBA colleges in Mumbai)


SDA Bocconi Asia Center in Mumbai has a 100% placement record. In 2022, the maximum package awarded was INR 36.26 LPA, a 68% increase over the previous year. In 2023, the average income was INR 14.30 LPA, with the highest package being INR 39.24 LPA. The median wage was INR 13 LPA, with the top 25% earning an average of INR 20.01 LPA and the top 50% making an average of INR 17.11 LPA.

  • Number of Companies: 110
  • Batch Size: 320
  • Fees: ₹19.4 Lakhs
  • Exams Accepted: CAT, NMAT, GMAT, and Bocconi Test
  • Cut-offs: CAT 90%ile+, NMAT 230+, GMAT 650+
  • Batch Profile: 49% Female and 51% Male

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